Few Facts About South Africa's Largest Non-bank Mortgage Lender [mortgage-assumption.blogspot.com]
Question by : Regarding the attorney general's settlement that forces the 5 largest banks to allow underwater mortgage? holders to refinance or modify their current loan, does anyone know which clients the banks are going to allow to do these things? How are banks targeting qualifying clients? Whats the criteria? Best answer for Regarding the attorney general's settlement that forces the 5 largest banks to allow underwater mortgage?:
Answer by STEVEN F
NO, there is NO ONE, including the Attorney General and the attorneys for the banks, that has a CLUE what the banks agreed to in the settlement. Like WAY too much coming out of Washington DC, this was NEVER about actually helping ANYONE. It is all about making an announcement that something was done.
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SA home loans was launched in South Africa in February 1999 and has grown up to become today's date specialist mortgage provider. They provide South African applicants with affordable rates and flexible mortgage options. It is famous for its affordable and competitive interest rates and fair service fee. When they started they offered interest rates at 19.6% which was pretty low as compared to the established banks at that time. They were the first mortgage provider to offer rates below 10% in over 22 years. They won the Daily News Readers' choice award for the best mortgage lender in year 2004 and 2005
Features:-
Flexible and low easy repayment options
Provides Home Owners Cover and Bond Protection Cover
Safe and secure banking service
Customer friendly client services helpdesk
They provide a wide range of option.
Variable
Super-Lo
Interest Only
Varifix
Quick Cash
Further Loan
Rapid Re-Advance
Further Re-Advance
They now have 22 branches countrywide and its head office is in Durban. They apply a non-banking approach by directly linking the customer to the money markets and passing the savings on to them. This is also called securitization, and is widely accepted means of funding.
With their Bond Protection Plan, you and your family are protected against possibility of repossession in case of any unanticipated circumstances like disability or death. You can cap your interest rate against rising interest rates. You can also borrow money against the increased value of your property i.e you can borrow against loan.You can easily get up to R75,000 cash within 72 hours. With their Varifix you can fix the interest rate on your home loan and choose the portion of your home loan to fix.
There are lot of innovative packages offered by them. It is worth a try as they are South Africa's largest non-bank mortgage lender. Suggest Few Facts About South Africa's Largest Non-bank Mortgage Lender Topics
